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AES: Q4 Earnings Snapshot

By AP News - Feb 28, 2025, 06:17 AM ET
Last Updated - Feb 28, 2025, 06:17 AM EST
AES: Q4 Earnings Snapshot

ARLINGTON, Va. (AP) — ARLINGTON, Va. (AP) — The AES Corp. (AES) on Friday reported fourth-quarter net income of $560 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Arlington, Virginia-based company said it had net income of 79 cents. Earnings, adjusted for one-time gains and costs, were 54 cents per share.

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The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The power company posted revenue of $2.96 billion in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $3.26 billion.

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